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20100901
20100930
Search Results 0 to 5 of about 6 (some duplicates have been removed)
potts joins us from washington with more on how the president plans to rescue the economy. tracie, good morning. >> lynn, good morning. today the president will deliver that speech in a state where one of his harshest critics is from, republican leader john boehner, and from a region that's been hit hard by unemployment. the president's expected to urge congress to let the bush tax cuts expire for the wealthy, individuals earning over $200,000 and couples over the $250,000. plus, he wants to spend $50 billion on transportation projects and create $200 billion in business tax breaks, allowing small businesses to write off capital investments next year, giving them more cash to hire new workers. >> we're talking investments in tomorrow that are creating hundreds of thousands of private sector jobs right now. >> all of it paid for by ending tax breaks for big companies. republicans say it's the wrong approach. >> i don't think the american people want any more stimulus spending coming out of washington. we need to get our arms around the out-of-control spending. >> it's a pro-business agen
his plan yesterday to use the infrastructure to put americans on track and back to work building rail ways and roads. they wasted no time blasting the proposal as the gop blamed the president for putting the country in reverse. tracie potts joins us from washington. good morning. >> reporter: good morning. the poll numbers show we're not satisfied with the economy, not satisfied with the president who is trying to fix it. president obama says he has a new plan that will put americans back to work. the white house says it's not a stimulus but the idea is similar, $50 billion for infrastructure, fixing 150,000 miles of roads, 4,000 miles of rail, 150 miles of runways and building a new air traffic control system. >> anybody want more delays at airports? >> no! >> no, i didn't think so. >> president obama says it will create jobs and won't cost a dime of borrowed money. >> this is a plan that will be fully paid for. it will not add to the deficit over time. >> republicans attacked saying americans are skeptical about more spending. senate minority leader mitch mcconnell says they're stil
knows what it's like to struggle through tough times. nbc's tracie potts joins us from washington with more on how the president plans to reexcuse the company. >> one of the harshest critics is from john boehner in a region that's been hit hard by unemployment. the president expected to urge congress to let the bush tax cuts expire for the wealthy, individuals earning over $200,000 and couples over the $50,000, plus he wanted to spend $50 billion on transportation projects and create $200 billion in business tax breaks allows small businesses to write off business investments giving them more money to hire new workers. >> we're talking investments tomorrow that are creating thousands of private sector jobs right now. >> reporter: all of it ending for tax breaks by big companies. they say it's the wrong approach. >> i don't think americans want any more stimulus coming out of washington. we need to get our arms out of out of control spending. >> it's to aid democrats in november that's sick of washington politics. >> the state of the nation is what should be the driving force and n
us live now from council. good morning, tracy. big day. >> it's going to be a big week and a big season headed into these elections as congress figures out whether or not to extend these bush tax cuts that are expiring at the end of the year. coming out of the weekend, republican leader john boehner who had been very critical of the president's plan signaled that he might support it in order to get something done before these tax cuts expires. but all hopes of a compromise were dashed when his party came out strongly yesterday and said that these tax cuts must be preserved for everyone, the poor, the middle class and, yes, the wealthy, those who make over $250,000. his party is not the only group that supports that. we now know of at least three democrats who say, look, this is the wrong time with our economy still not on good footing to raise taxes. we need to preserve these tax cuts for everyone. so it's a fight not only against republicans, but against some members of the democratic party, as well. lynn. >> tracy potts for us in washington. tracy, thank you. >>> and across the
elections, it could reach a boiling point. nbc's tracie potts joins us live now from capitol hill. good morning. >> reporter: it is clear the battle lines are drawn despite what we saw yesterday may have been a hint of compromise between republicans and the democratic party. republican john boehner hinting he might support president obama's plan to extend tax cuts only forethose who make up to $250,000. not for people who make more than that. but the republican party, other member, came back and made it very clear that they want these bush tax cuts extended for everyone, including the so-called wealthy, because they say those are the job creators in our society. jobs that right now are so desperately needed. interestingly, it's not a completely partisan fight, because at least three democrats agree that these cuts should be extended for everyone until the economy is on better footing. so we're looking at two deadlines coming up. first of all, the cuts expiring by the end of the year and, also, the effect of this election coming up in just a few weeks in november. lynn? >> absolutely. tr
Search Results 0 to 5 of about 6 (some duplicates have been removed)